New East Moline Budget Nearly Finished
With the deadline still several weeks away the East Moline city council is ready to approve a new budget. Monday night, aldermen will consider a tax levy and budget for the fiscal year beginning January lst.
City administrator Cole O'Donnell is recommending total spending of 43 million dollars with projected revenue now at about 40 million.
The city could also use some of its reserve funds to make up for the deficit.
Still to be decided by East Moline aldermen is a rate hike for the sewer plant fund - without it he says the fund will be 700,000 dollars in the red next year.
O'Donnell is proposing an increase in the property tax levy for next year of 1 1/2 per cent, or 3 cents per 100 dollars assessed value for East Moline home owners.